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One Block Off The Grid (1BOG) Closes Series A Funding From NEA; Solar Group Purchase Company Raises $5 million From Global Venture Capital Firm For Rapid Expansion
February 11, 2010 (One Block Off the Grid)

"One Block Off the Grid (1BOG), the nation's largest solar consumer advocate…has closed a $5 million round of Series A financing from New Enterprise Associates (NEA)…a leading global venture capital firm with more than $11 billion in committed capital and a 30-year track record of successful investing.

"Since late 2008, 1BOG’s innovative model to provide group discounts and vendor-agnostic advice, have helped bridge the gap between homeowners and solar installers. The company is responsible for the installation of around 600 residential solar electric systems to date. The financing will support 1BOG’s national expansion strategy to rapidly boost US adoption of residential solar…"

From 1BOG via YouTube

"By providing unbiased support for homeowners interested in solar, 1BOG empowers people to make sound investments in money – and energy-saving – technology…

"In 2009, solar investment dropped a massive 64% from the previous year. By investing in 1BOG, NEA…is revealing that the market is finally prepped to embrace solar as a sound financial, as well as environmental, investment…NEA can see that 1BOG's unique consumer-facing approach to solar - offering group discounts, transparent pricing and unbiased support, has the potential to explode residential solar adoption across the US and they want to be part of this innovative company's scaling…"